Jane Street Group LLC Grows Position in Quipt Home Medical Corp. (NASDAQ:QIPT)

Jane Street Group LLC increased its position in Quipt Home Medical Corp. (NASDAQ:QIPT) by 28.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 41,926 shares of the company’s stock after purchasing an additional 9,290 shares during the period. Jane Street Group LLC’s holdings in Quipt Home Medical were worth $122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC bought a new stake in shares of Quipt Home Medical during the 2nd quarter valued at $35,000. SG Americas Securities LLC bought a new stake in Quipt Home Medical during the third quarter worth about $44,000. Atom Investors LP purchased a new stake in Quipt Home Medical in the third quarter worth about $51,000. Rhumbline Advisers increased its stake in shares of Quipt Home Medical by 21.0% during the second quarter. Rhumbline Advisers now owns 49,276 shares of the company’s stock valued at $159,000 after purchasing an additional 8,541 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Quipt Home Medical by 10.4% during the second quarter. Hsbc Holdings PLC now owns 52,522 shares of the company’s stock valued at $165,000 after purchasing an additional 4,969 shares in the last quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

Quipt Home Medical Stock Performance

Shares of QIPT opened at $3.05 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The stock has a market cap of $131.43 million, a P/E ratio of -27.73 and a beta of 0.56. The business’s 50 day moving average price is $2.71 and its 200-day moving average price is $2.89. Quipt Home Medical Corp. has a 52 week low of $2.30 and a 52 week high of $4.99.

Quipt Home Medical (NASDAQ:QIPT) last released its earnings results on Monday, December 16th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08). Quipt Home Medical had a negative return on equity of 4.51% and a negative net margin of 1.95%. Equities research analysts anticipate that Quipt Home Medical Corp. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Quipt Home Medical

In other news, VP Patrick Dennis Gamble purchased 17,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $2.45 per share, for a total transaction of $41,650.00. Following the completion of the acquisition, the vice president now directly owns 40,057 shares in the company, valued at $98,139.65. This represents a 73.73 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.